Vipshop Holdings (VIPS): Strong Customer Growth Drives Upside - Jefferies

August 16, 2016 7:25 AM EDT
Get Alerts VIPS Hot Sheet
Price: $10.75 +1.61%

Rating Summary:
    11 Buy, 7 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Jefferies analyst, Jessie Guo, reiterated his Buy rating on shares of Vipshop Holdings (NYSE: VIPS) after the company reported strong 2Q16 results with revenue 5% above high-end of guidance driven by strong growth in number of active customers and orders. Non-GAAP net profit beat consensus by 7.5%. Vipshop guides 3Q16 revenue at RMB 11.9-12.4bn (+37-43% yoy). The midpoint is 2%/3.4% higher than consensus.

No change to the price target of $16 ahead of the call.

For an analyst ratings summary and ratings history on Vipshop Holdings click here. For more ratings news on Vipshop Holdings click here.

Shares of Vipshop Holdings closed at $16.01 yesterday.

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